Job opening remain at record level

 Washington Examiner:

The labor market showed resiliency in April despite the Federal Reserve driving up interest rates in an attempt to stave off inflation .

The number of job openings in April was at 11.4 million, near record levels, according to a report released on Wednesday by the Bureau of Labor Statistics . The previous record number of job openings was notched in March, which was upwardly revised this week to 11.9 million.

The hot numbers come as the Federal Reserve begins jacking up interest rates and tightening its monetary policy to combat blistering inflation. The central bank increased rates by a quarter percentage point in March and then took the even more aggressive step of hiking rates by a half percentage point in May.

The Fed action is designed to slow spending and drive down prices. Some economists have complained that the Fed isn’t moving fast enough and point to hot spots in the economy, such as Wednesday’s report, as evidence.
...

This is good news for a couple of my grandchildren who are just entering the job market.  It is also good news for anyone looking for entry-level jobs.  There appears to be some reluctance on the part of some in returning to work.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more